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EXHIBIT 99.6
LIONBRIDGE EXPANDS VERTICAL
INDUSTRY EXPERTISE WITH
ACQUISITION OF HARVARD
TRANSLATIONS
- LIONBRIDGE GAINS BLUE-CHIP CLIENTS IN LIFE SCIENCES,
FINANCIAL SERVICES AND SPECIALIZED PUBLISHING INDUSTRIES -
WALTHAM, MASS. - MAY 22, 2000 - Lionbridge Technologies, Inc. (Nasdaq: LIOX), a
leading provider of multilingual eBusiness services, announced the expansion of
its portfolio of life sciences and financial services clients through the
acquisition of privately held Harvard Translations. Based in Cambridge,
Massachusetts, Harvard Translations provides comprehensive translation and
globalization services to regulated industries as well companies requiring
specialized multilingual publishing solutions. The acquisition closed on May 18,
2000.
"Harvard Translations has an impressive customer base that includes clients such
as Johnson & Johnson, RR Donnelley Financial and TIME Magazine, and brings
expertise in life sciences and financial services, two fast-growing eCommerce
sectors," said Rory Cowan, CEO of Lionbridge. "With the combined strengths of
Harvard Translations and INT'L.com, Lionbridge is in a position to take
advantage of the exploding global B2B market."
"Lionbridge has emerged as a leading provider of localization for the IT and
telecom industries, servicing leaders like Cisco, Ericsson, IBM and Nortel
Networks," said Robert Sprung, founder and chairman of Harvard Translations.
"Harvard Translations broadens Lionbridge's domain into life sciences and
financial services -- two of the fastest-moving vertical markets that need
quality-critical language technology and expertise to stay competitive."
"Through this business combination, our clients in the publishing and regulated
industries will benefit from Lionbridge's proprietary workflow technology as
well as its global network of linguists and engineers," said Doug Langenberg,
president of Harvard Translations.
Under the terms of the agreement with Harvard Translations, announced on March
31, 2000, this is a tax-free stock-for-stock transaction, accounted for as a
pooling of interests. Robert Sprung joins Lionbridge as vice president of
business development for regulated industries. Doug Langenberg continues as
president of Harvard Translations.
ABOUT LIONBRIDGE
Lionbridge Technologies, Inc. provides multilingual eBusiness services to the
information technology, telecommunications, life sciences and financial services
industries. Lionbridge integrates automated workflow management technology with
a global network of linguists, test engineers and project managers to enable
simultaneous worldwide release and maintenance of Web-based products and
content. Based in Waltham, Mass., Lionbridge maintains facilities in Canada,
Ireland, The Netherlands, France, China, South Korea, Japan, Brazil, and the
United States. To learn more, visit WWW.LIONBRIDGE.COM.
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FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and
uncertainties. Lionbridge's actual experience may differ materially from those
discussed in the forward-looking statements. Factors that might cause such a
difference include the termination of customer contracts prior to the end of
their term; Lionbridge's dependence on clients' product releases to generate
revenues; difficulties Lionbridge may encounter in the integration of the
operations of INT'L.com and Harvard Translations; the loss of a major client;
the size, timing and recognition of revenue from major clients; the impact of
foreign currency fluctuations on our operating results; risks associated with
management of growth; market acceptance of new service offerings, including
Lionbridge's Microsoft Windows certification program; the failure to keep pace
with the rapidly changing requirements of its clients; Lionbridge's ability to
attract and retain key personnel; Lionbridge being held liable for defects or
errors in its solutions; political, economic and business fluctuations in
international markets; as well as risks of downturns in conditions generally,
and in the information technology and software industries specifically, and
risks associated with competition, and competitive pricing pressures. For a more
detailed description of the risk factors associated with Lionbridge, please
refer to Lionbridge's Annual Report on Form 10-K and Form S-4 Registration
Statement on file with the Securities and Exchange Commission.
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